(NewsNation) — Americans owe a record $1.14 trillion on their credit cards, and carrying debt has become more expensive, but a refinancing method known as a balance transfer could help ease the pain.

A credit card balance transfer is a popular option for tackling high-interest debt. A balance transfer credit card typically offers a 0-percent intro APR period that allows you to save on interest ...

Credit card balance transfers can be a smart way to reduce your credit card monthly payments or, in some cases, pay off what you owe entirely. The fee you'll pay to transfer your balance — which ...

Carrying a balance on a credit card can be stressful when interest charges rack up month after month. Even if you’re paying more than the minimum, it’s easy to get stuck under a mountain of debt. One ...

Balance transfer checks are a way to transfer credit card balances from one issuer to another with a lower interest rate. These checks may come with fees and may not offer the same benefits as balance ...

A 0% balance transfer credit card can be a valuable debt reduction tool. However, it can also be a trap. That’s not a contradiction. As with any tool, the key to making a 0% balance transfer card work ...